Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

GTSO Sees E-Waste Recycling as the Solution to Mining Sector’s Financial Woes



  GTSO Sees E-Waste Recycling as the Solution to Mining Sector’s Financial
  Woes

Business Wire

SAN JOSE, Calif. -- May 3, 2013

As the traditional mining industry slows down year on year, Green Technology
Solutions, Inc. (OTCBB: GTSO) believes that a major shift toward e-waste
recycling is the solution to keeping manufacturers worldwide supplied with the
commodities they need to create the next wave of electronic innovations.

The Wall Street Journal reported on Thursday that some of the world’s biggest
miners are slashing outlays and shedding assets in 2013, hit with a triple
shock of falling prices, rising costs and waning investor interest. The urban
mining industry, by contrast, is less susceptible to such trends thanks to big
improvements in recycling collection and separation technologies.

"Unlike traditional mining, urban mining is a sustainable and ultimately
beneficial means of commodities production that’s getting easier and more
affordable with each passing year,” said GTSO CEO Paul Watson. “Our company is
investing time and money in e-waste supplies and infrastructure today so that
we’ll be able to capture a major share of the marketplace tomorrow, when urban
mining will be rightly seen as a cleaner, more virtuous and more profitable
alternative.”

New legislation could help turn that vision into a reality sooner than later.
Electronic products have become the fastest-growing portion of the solid waste
stream in the U.S., posing a daunting challenge to government agencies that
oversee landfills. Lawmakers across the country are beginning to take action.
According to the EPA, every one million cell phones recycled, 75 pounds of
gold, 772 pounds of silver, 33 pounds of palladium and more than 35,000 pounds
of copper can be recovered.

Urban mining is key to GTSO’s plans to compete alongside major international
corporations striving for sustainable waste solutions, such as Industrial
Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS).
Late last year, GTSO acquired the company Global Cell Buyers and soon after
rebranded the company as Green Urban Mining to handle its domestic recycling
and resale operations.

About Green Technology Solutions, Inc.

Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented
company exploring rare earth minerals and precious metals production around
the world. To learn more, please visit the website
at www.GTSOresources.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
that include the words “believes,” “expects,” “anticipate” or similar
expressions. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the company to differ materially from those expressed or
implied by such forward-looking statements. In addition, description of
anyone’s past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set forth above
and the company assumes no responsibility to update the information included
herein for events occurring after the date hereof.

Contact:

Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
info@gtsoresources.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement